Research
Benefits of remittances overstated
The economy-wide benefits of remittances may be overstated, finds a new paper from the International Monetary Fund.
Wages and prices determined by shocks
New research from the Bank of Portugal finds that import-price and unemployment shocks lead to wage and price rises in the Portuguese economy.
US can learn from Sweden's banking crisis
A new research paper prepared for the US congress draws lessons for the US from Sweden's banking crisis in the early 1990s.
Phillips curve is flattening
A new paper from the Reserve Bank of Australia finds that the Phillips curve, which measures the relationship between unemployment and inflation, has flattened in recent years.
Why large firms pay more
A new paper from the Bank of Canada analyses wage differentials between small and large firms.
SWFs good for global stability
Sovereign wealth funds (SWFs) can play a role in stabilising international markets, a new study from the Bank of Canada finds.
Investing in beautification pays off
A beautiful city will attract more highly-educated individuals and experience faster house-price growth, finds a new paper from the Philadelphia Federal Reserve.
Issues for central banks' collateral frameworks
Research from the International Monetary Fund highlights four issues for central banks' collateral frameworks.
US was prone to housing meltdown
The housing meltdown happened in the US, in part, because of its tax, legal and regulatory systems, research published by the Bank for International Settlements finds.
EU Commission competition claims wrong
It is the low level of cross-border account mobility, not low customer mobility in national markets, which hinders the EU's bank customers' ability to switch to a more competitive bank, says Deutsche Bank research.
Russian economy may remain lethargic: BoF
If the credit turmoil persists, the Russian financial market is likely to remain lethargic, says a new article by the Bank of Finland.
Asia needs tightening
There may not be a meaningful reduction in inflation rates without policy tightening in Asian economies, finds new research from the Hong Kong Monetary Authority.
Systemic banking crises - a new database
A paper from the International Monetary Fund presents a new database on the timing of systemic banking crises and policy responses to resolve them.
Finland advocates price-level targeting
A new paper published by the Bank of Finland makes the case for moving to price-level targeting.
Impact of new economic data on markets
A new paper by the New York Fed investigates how the issuance of new economic data influences asset prices in the stock, bond and foreign exchange markets.
Market pressure matters for capital
Market pressure was an important factor in the banks' capital build-up during the early 1990s, according to a new paper by the National Bank of Belgium.
EU candidate countries' financially stable
The financial systems of EU candidate countries Croatia, Macedonia and Turkey are in a good position to resist adverse shocks, according to a new paper from the European Central Bank.
Trends in large-value payments
New research from the Federal Reserve Bank of New York identifies global trends in large-value payments.
Immigration and Germany's labour market
A recent paper from the Bank of Italy examines the impact of immigration to Western Germany in the 1990s on wages and unemployment.
Global factors have greater impact on EM inflows
The significance of global factors on the volatility of capital flows to emerging countries have increased in recent years relative to country-specific factors, a new paper from the Bank of Spain finds.
Fiscal surveillance needs more timely data
Quarterly data from the European System of Integrated Economic Accounts should be used for real-time fiscal surveillance in Europe, new research from the European Central Bank finds.
Does the ECB follow the Fed?
New research from Deutsche Bank looks at how closely the European Central Bank's (ECB) monetary policy follows that of the Federal Reserve.
Silicon Valley typical of US R&D geography
Research and development (R&D) activity in the US tends to be heavily geographically concentrated, a paper published by the Philadelphia Federal Reserve finds.
Core inflation a better signal of price trends
The relationship between headline and core inflation has changed significantly over time, research published by the Federal Reserve finds.